Terramin Australia Limited (ASX: TZN) is an emerging base metal producer with pre-production assets in Algeria and South Australia. Terramin aims to become a top 5 single commodity zinc producer by leveraging production at its Tala Hamza project and capitalising on proximity to infrastructure and its low capital and operating costs.
The Tala Hamza Zinc Project is located on the Mediterranean coast of Algeria and is a joint venture with two Algerian government-owned companies. This project provides exposure to a long life zinc and lead asset in a strategic location and within an emerging mining jurisdiction. Terramin has precious metals assets in Australia, which it is considering demerging in 2019 to allow single commodity focus for both parts of the business. Terramin’s significant South Australian gold development and exploration assets are likely to benefit from the change, leveraging the existing Bird-in-Hand resource of 252,000 ounces and growing it to the previously announced aspirational target of one million ounces from regional exploration targets within Terramin’s more than 12,000 square kilometres of exploration area.
The Bird-in-Hand Gold Project at Woodside is within a former historic gold mining zone located approximately 30km north of Terramin’s existing mining and processing facilities at the Angas Zinc Mine (AZM) which was mined until late 2013. The South Australia gold strategy is to develop the existing Angas facility at Strathalbyn as a central processing plant for feed from Bird-in-Hand and to utilise spare capacity to treat ore from other potential targets either held by the company currently or available for acquisition. Safety and Sustainability are two of Terramin’s core values and Terramin is committed to working with all stakeholders to ensure community and environmental objectives are met within its area of operations.
Plans & Latest Developments:
Terramin is advancing approvals for both the Tala Hamza zinc and lead project in Algeria and the Bird-in-Hand gold project in South Australia. Terramin has completed a Definitive Feasibility Study (DFS) on Tala Hamza and is waiting for feedback from the Algerian government before proceeding with the project. Terramin is undertaking water re-injection trials in support of its Mining Lease Application for the high-grade Bird-in-Hand Gold Project in South Australia.
Why should investors invest in you?
Terramin provides investors exposure to two quality pre-production assets now well advanced in the permitting process. The Tala Hamza project on the Mediterranean Coast of Algeria provides a long life zinc and lead asset in a strategic location and within an emerging mining jurisdiction. The Bird in Hand gold Project provides investors a high grade, quality gold project with an existing processing facility and expansion potential.
Stock Exchange Listing:
Base Metals | Gold | Precious Metals | Zinc
Stage of Development:
Countries of Operation:
- Feng Sheng – Chairman
- Michael Kennedy – Vice Chairman
- Angelo Siciliano – Non Executive Director
- Kevin McGuinness – Non Executive Director
- Wang Xinyu – Executive Director
- Richard Taylor – Chief Executive Officer
- Simon Iacopetta – Chief Financial Officer